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US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision

March 14, 2023 by admin Leave a Comment

The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central bank’s … [Read more...]

Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising

February 7, 2023 by admin Leave a Comment

The Central Bank of Argentina has announced the issuance of a new 2,000 peso bill, aimed at easing the burden of using cash for payments in the country. The bill, which will have a value of a little more than $ 5 ‘blue’ dollars (the informal exchange rate), is already being criticized as an insufficient measure. Argentine Central Bank Announces 2,000 Peso Bill The Central Bank … [Read more...]

Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply

January 30, 2023 by admin Leave a Comment

The Argentine peso has fallen consistently against the U.S. dollar this month, losing almost 12% since Jan. 1. The behavior of the exchange rate for the informal “blue” dollar keeps bringing concerns about a possible escalade in inflation rates, that are predicted to reach almost 100% this year, similar to the rates registered in 2022. Argentine Peso Keeps Falling Argentina is … [Read more...]

Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down

January 23, 2023 by admin Leave a Comment

As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian of the University of Cambridge believes inflation will become “sticky” in midyear, … [Read more...]

Morgan Stanley CEO Says Inflation Has Peaked and China Has Made a Major Pivot

January 22, 2023 by admin Leave a Comment

Morgan Stanley CEO James Gorman says two changes have happened recently that “really matter” to the economy. The executive explained that inflation has clearly peaked and China has made a “major, major pivot” economically. Morgan Stanley’s CEO on U.S. Economy and Inflation The chairman and CEO of global investment bank Morgan Stanley, James Gorman, discussed the U.S. economy … [Read more...]

Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Declines Following FTX Saga, Markets Now Look Towards US Inflation Report

November 10, 2022 by admin Leave a Comment

Cryptocurrencies continued to crash on Thursday, as market sentiment surrounding the FTX saga remained on the minds of traders. Bitcoin fell below $ 16,000 late on Wednesday, with prices remaining close to two-year lows today. Ethereum slipped below $ 1,100, with attention now focused on today’s U.S. inflation report. Bitcoin Bitcoin (BTC) continued to trade close to a … [Read more...]

Fed’s Key Inflation Gauge Jumps 0.5% in September, America’s Rising Costs to ‘Punish’ Democrats

October 30, 2022 by admin Leave a Comment

The U.S. central bank’s key inflation gauge, the personal consumption expenditures (PCE) price index, increased by 0.5% in September, according to data released by the U.S. Commerce Department on Oct. 28. Meanwhile, markets expect with near-certainty that the Federal Reserve will codify its fourth consecutive rate hike by 75 basis points (bps) next month. While investors await … [Read more...]

Bank of America and JPMorgan Say US Economy Is Doing Well, Consumers Are in Good Shape Despite Inflation

October 19, 2022 by admin Leave a Comment

Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is doing well and consumers are in good shape. “The consumers basically have more money in their accounts by multiples than they did pre-pandemic,” said the Bank of America chief. Bank of America’s CEO: US Economy Is in ‘Pretty Good Shape’ Bank of America CEO Brian … [Read more...]

Latest CPI Data Shows Red-Hot Inflation Continues to Thrive in the US, Consumer Prices Jumped 8.2% in September

October 13, 2022 by admin Leave a Comment

The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows an 8.2% rise in the year through September, and the core index rating saw the fastest yearly increase since 1982. September’s CPI Data Was Worse Than Expected, Report Signals an … [Read more...]

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion

October 6, 2022 by admin Leave a Comment

A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $ 31 trillion on October 4, as the country’s growing debt continues to rise rapidly. … [Read more...]

Argentine Inflation Skyrockets to Almost 80% YoY as Crypto Adoption Grows

September 19, 2022 by admin Leave a Comment

Argentine inflation numbers were revealed last week, with the interannual Consumer Price Index (CPI) registering record levels reaching 78.5%. This puts the country second only to Venezuela in Latam in terms of high inflation, with prices rising almost 8% during August, hitting the pockets of Argentines. According to a survey by Bitso, this has caused Argentines to explore … [Read more...]

Justin Trudeau Slams Pierre Poilievre for Telling People They Can ‘Opt out’ of Inflation by Investing in Cryptocurrency

September 14, 2022 by admin Leave a Comment

Canadian Prime Minister Justin Trudeau has slammed Pierre Poilievre, the new leader of the Conservative Party of Canada, for telling people that they can “opt out of inflation” by investing in cryptocurrencies. Trudeau claims that his Conservative rival’s crypto advice is not “responsible leadership.” Justin Trudeau Calls Pierre Poilievre’s Crypto Advice Irresponsible … [Read more...]

US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’

September 13, 2022 by admin Leave a Comment

On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and market analysts believe the U.S. Federal Reserve will continue its aggressive rate hikes going forward. US Consumer Prices Increased at an 8% Annual Pace of 8.3%, According to the Latest CPI … [Read more...]

Goldman Sachs Urges Investors to Buy Commodities Now — Expects Equities to Suffer as Inflation Stays Elevated

August 30, 2022 by admin Leave a Comment

Global investment bank Goldman Sachs has urged investors to buy commodities now and worry about a recession later. The firm’s analysts see commodities as “the best asset class to own during a late-cycle phase where demand remains above supply.” Meanwhile, “equities could suffer as inflation stays elevated and the Fed is more likely to surprise on the hawkish side,” Goldman … [Read more...]

230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation

August 5, 2022 by admin Leave a Comment

Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s House and Senate leaders warning that the proposed policies will actually fuel inflation. The letter stresses … [Read more...]

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